Strictly Buy and Sell Set Ups Message Board

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Strategies & Market Trends : Strictly Buy and Sell Set Ups

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To: chowder who wrote (9967)	6/28/2006 1:28:58 AM
From: Tapcon	Read Replies (1) of 13449

Bum, Re EZPW on the 26th. Original intended entry on this one was $34.65. Opened that day at 36.11. I looked at it and thought it got away too quickly to chase. When a planned trade gets that kind of attention and movement with high volume, it often does seem to work out if you take a deep breath, and take the plunge hoping the momentum will carry you higher. I notice you got in at 35.33. What was your strategy here? Did you follow the 10 minute chart and move in when the initial rush was over, sagged a little and then started moving higher? Do you have a guideline as to how far you chase these pups that jump at the open beyond your intended entry?

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